Press Releases

Consulate General of India in Brazil, Ms Abhilasha Joshi today inaugurated the India Pavilion launched by ASSOCHAM and TPCI at Hospitalar 2017, a 4 day event starting from today May 16 till May 19 at the Expo Center Norte in one of world's largest financial centre, Sao Paulo.

India’s USD 155 billion IT and Business process management (BPM) industry which is facing heat from the unfolding disruptions in the key markets of the US and Europe and is forced to rationalise its workforce, can create more jobs on net basis if it seriously gets involved in fast expanding domestic market , riding on government’s financial inclusion programmes like Jan Dhan Yojana and Aadhar based service delivery models, said ASSOCHAM.

With appetite disappearing for both lenders and borrowers in highly debt-ridden sectors like power, telecom and mining, the deployment of bank credit to these industries have witnessed a plunge and the trend may continue unless the basic issue of red mark in the balance sheets of banks by way of Non-Performing Asset (NPAs) and the corporate firms in the form of back breaking leverage, is addressed, an ASSOCHAM Paper has said.